Puerto Rico highway attracting bids

An interesting development is being seen in Puerto Rico, with various financial institutions bargaining hard to win a key highway concession.
February 29, 2012 Read time: 1 min
An interesting development is being seen in Puerto Rico, with various financial institutions bargaining hard to win a key highway concession. 3347 Goldman Sachs and 3350 Morgan Stanley are both keen to win the PR-22 highway concession, which is one of the busiest in Puerto Rico and generated revenues of US$85.1 million in 2009.

The route is called the De Diego highway and the investment banks may make their final offers before the end of May 2011. The deals will be offered as partnerships. Goldman Sachs Infrastructure Partners will make its bids in conjunction with Albertis Infraestructuras and Morgan Stanley with 980 OHL Concesiones. However, the consortium Itinere Infraestructuras and Citi Infrastructure Investors, as well as Brazilian firm 3346 Companhia de Concessoes Rodoviarias (CCR), have withdrawn from the tender process.

For more information on companies in this article

Related Content

  • A history lesson in private public partnerships
    April 12, 2012
    Michel Démarre gives some historical insights into public-private partnerships conceived to implement urban infrastructure projects, a concept that surprisingly dates back to as early as the 13th century! All over the world today, the role of public authorities in the process of planning and, in most cases, designing, financing and procuring urban roads is paramount. Even for modifications to existing roads, decisions are made by these public authorities (usually after due consultation with the population)
    Read More
  • Chinese contractors in Netherlands?
    March 5, 2012
    Chinese firms may play a role in the ?1.5 billion A6/A9 highway project in the Netherlands.
    Read More
  • Kenya develops annuity road funding model
    May 8, 2015
    Kenya is introducing novel methods for funding its necessary road infrastructure development - Shem Oirere writes. Kenya has unveiled a new financing model for road construction and reviewed its design standards and construction methodologies, which forms part of a new strategy for the East African country. Under this new plan Kenya is planning to upgrade 10,000km of road, with these links featuring asphalt surfacing; the work being carried out over the next five years at a cost of US$2.8 billion. Despite t
    Read More
  • Developments in hybrid vehicles
    February 27, 2012
    There is an array of future vehicle solutions in development - Mike Woof reports. Ever since Henry Ford's Model T showed that the motor car could provide transport for ordinary people rather than being an exclusive toy of the rich, vehicle numbers have exploded. In every country around the world, vehicle ownership continues to grow.
    Read More

Highlighted Content